Ryder Is Comin' at You From Every Angle

The truck-leasing and logistics company's profits have been beating forecasts, and its shares could rise about 20%.

By

Sandra Ward

May 18, 2013

By

Sandra Ward

May 18, 2013

Ryder System is on a roll.

For the past four quarters, profits at the commercial-truck leasing and logistics company have outpaced expectations because of stronger rental demand and an increase in the number of miles driven per lease. Rentals from a broad swath of industries have started to pick up, along with the flow of goods on North American highways. Another sign of momentum at Ryder: More companies are renewing their truck leases, typically 5-to-7-year contracts, since the middle of last year. That brings in more...